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Bharatiya Global Infomedia's IPO has received a slow response on day two and as per the data available with the NSE, total bid of 1377900 shares were received for the issue of 6720000 shares, 0.21 times, while 1273875 bids were received at the cut-off price.

QIB portion remain unsubscribed while non institutional investors’ portion was subscribed 0.01 times, and the retail portion was subscribed 0.58 times on the second day of IPO.

The issue will close on July 14, 2011. The company has fixed the price band at Rs. 75 to Rs. 82 per equity share. The book running lead managers to the issue is Almondz Global Securities and Karvy Computershare is the registrar to the issue.

BGIL, technology based company, is planning to raise Rs 50-54 crore through this initial public offer (IPO). The company intends to spend Rs 13.65 crore to part finance its upgradation of digital post production studio, Rs 8.39 crore in IT division; the amount will also be used for setting up of corporate office at Noida and branch office in Mumbai, repayment of bank borrowings of around Rs five crore; and long-term working capital requirements.

BGIL Films & Tech. Share Price

8.43 -0.29 (-3.33%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
PVR 938.05
Saregama India 344.55
Shemaroo Entertain. 105.35
Balaji Telefilms 94.39
UFO Moviez 72.06
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